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If the Demand Is Perfectly Elastic, What Would Happen to the Quantity

question 200

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If the demand is perfectly elastic, what would happen to the quantity demanded if there is a tiny increase in price?


Definitions:

Veterinarian

A professional who practices veterinary medicine, caring for the health of animals.

Gross Earnings

The total amount of money earned by an individual or entity before any deductions are made.

Seasonal Manufacturing

The production of goods in specific seasons of the year to meet seasonal demand.

Average Number

A value found by summing a set of numbers and then dividing by the count of numbers in the set.

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